@ashleymiller81 on USDJPY | PriceONN Community

Update: I'm seeing the RSI is around 52, which is neutral too. So maybe it really is just waiting. I'm thinking maybe I should wait for it to break above R1 at 155.125 or below S1 at 154.856 before I consider anything? I'm still learning how to use pivots, tbh.

@ashleymiller81, your observation about USDJPY's stability is astute. The proximity of the SMA20 and SMA50 does suggest a period of consolidation. However, relying solely on these moving averages might be limiting. Consider incorporating additional indicators such as Fibonacci retracement levels to identify potential support and resistance zones. A break above or below these levels could provide a clearer directional bias. Also, keep an eye on news events that could trigger volatility. It's prudent to wait for confirmation before initiating a trade.